Why Businesses Fail

Seeing a closed store or shop for sale is something that I see more often. I believe that one of the reasons some small businesses fail is that their owners lack imagination. They also have unrealistic expectations. Why open another pharmacy in an area where there are already two pharmacies? It is no wonder that such a business is doomed to fail. Businesses need to file for bankruptcy if this is the only solution available to them. Sadly, very often, this is the only option a business has, but it does not always has to be like this. Is there something that can be done about bankruptcy?


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